Loading ...What country benefits with a strong valued currency? None. Parts of link below, I just read, ‘The Petro-Yuan Bombshell and Its Relation to the New US Security Doctrine’ story and my opinions on bottom.
There is no US Security Doctrine problem it’s a global Security Doctrine problem if the USA goes any lower and or crashes again. They all lose, and we win. How can we lose? We already lost. They won. Nothing left here to lose. And “they” all know it.
Parts:
“Russia-China “threat” to the US dollar. ”
“This is about the implementation of a huge, new alternative reserve currency zone, bypassing the US dollar.”
“Gold is essential in this strategy. Russia, China, India, Brazil & South Africa are all either large producers or consumers of gold – or both.”
“And the name of the game is oil-futures trading priced in yuan, with the yuan fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets.”
“the NSS seeks to channel even more ‘resources’ to the industrial military complex. (Mr.C. Note resources = Americans Tax Dollars for foreign benefit)”
“When the beginning of the end of the petrodollar system – established by Kissinger in tandem with the House of Saud way back in 1974 – becomes a fact on the ground,”
Comment:
Fact. Everything turned to shit for most Americans living standards after the 1971 gold de-peg, and more so with gas lines after 1974, if anybody remembers. The beginning of the end of a great America.
Its now time for the beginning of the end of prosperity in foreign nations that actually benefitted from USA’s strong dollar that enabled hapless innocent Americans to purchase “mathematically” cheaper imports.
That situation helped shut down all our manufacturers, and you all know the rest (’74-’08) leading to a Joe Sixpack Taxpayer defaulting on loans leading to a big crash in 2008, that took down the rest of the “leach” countries out there.
Imo 2008 for the rest of the world, was THEIR “1974”. The USA did not need or benefit, at all, to be “blessed” with the global reserve Fiat currency after 1971.
They, global commune-ity, sucked us dry since ’74 and finally realize they NEED to make American workers, the TAXPAYERS great again, higher paid for a future “harvesting”. Like bag limits for ducks salmon or deer.
It’s actually time for the USA to “harvest” some built up wealth from the global commune-ity. They can afford it.